Hubert Senters here.
Let’s take a look at FedEx. First of all, we’re going to do this. We’re going to compare FedEx to their leading competitor, UPS. And as you can see just by looking at the chart that UPS is in a little bit better shape. It is above the cloud, touch the cloud where FDX which is FedEx is closing below the cloud as of Friday.
So for this week I’ll be looking for short opportunities on FedEx. Now, if you’re aggressive one close blow the cloud should be enough. If you’re moderate, you’re going to want two or more. And if you’re conservative you’re going with three or more. You can see that the lagging line is following the price action.
Intermediate targets would be in the area of $230. And then after that $216. So FedEx short with a stop-loss of $254. It’s going to depend on whether you’re going to wait for two, more bars or one more bar, one or two more bars than your target is going to be $230. And then after that around $215, $216.
I’ve been asked to be one of the special guest speakers at the Wealth365 event which is taking place July 16th to July 21st. They’re going to have a lot of different speakers, a lot of different topics. Rob and his crew were able to get Kevin Harrington which is one in one of our masterminds and he’s a good speaker and he’ll always teach you some cool stuff to go over and watch him speak.
Like I said they’re going to have 80 speakers over six days, 10 topics and they’re given away over $120,000 in gifts and prizes. All you got to do is go over here and click this register for free. You get a little pop-up, fill out the information. Hit that button and you’re good to go.
Good luck. Hope it helps. And I’ll HYPERLINK you to this page.
Hubert.